Stonebridge Financial Group LLC MO Acquires New Shares in Deere & Company $DE

Stonebridge Financial Group LLC MO acquired a new stake in shares of Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,101 shares of the industrial products company’s stock, valued at approximately $513,000.

Other institutional investors have also recently bought and sold shares of the company. Strategic Advocates LLC acquired a new stake in Deere & Company during the third quarter valued at $25,000. Key Capital Management INC acquired a new stake in Deere & Company during the fourth quarter valued at $27,000. McIlrath & Eck LLC acquired a new stake in Deere & Company during the fourth quarter valued at $30,000. Activest Wealth Management boosted its position in Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in Deere & Company during the third quarter valued at $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.1%

Deere & Company stock opened at $589.14 on Wednesday. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The firm has a market capitalization of $159.13 billion, a PE ratio of 33.21, a PEG ratio of 2.05 and a beta of 0.96. The business’s 50-day simple moving average is $583.87 and its 200-day simple moving average is $535.34.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.19 EPS. Equities research analysts forecast that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company’s payout ratio is currently 36.53%.

Analysts Set New Price Targets

A number of analysts have weighed in on DE shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a research report on Monday, February 23rd. Bank of America raised their price objective on Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Royal Bank Of Canada raised their price objective on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Robert W. Baird reduced their target price on Deere & Company from $675.00 to $580.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, Wells Fargo & Company upped their target price on Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.45.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.